US equities are sharply lower on Tuesday’s US session as investors express concerns and fret about the global economic impact of the West’s harsh sanctions against Russia.Russians intensified bombardment of Ukrainian cities. Commodity prices, including crude oil, natural gas and wheat, surged on Tuesday, igniting further concerns about longer-lasting inflationary …
Read More »What Russia’s SWIFT Ejection Really Mean Amid War Fogs
Filtering information is one of investors’ most important tasks. It is normally a difficult task under the best conditions, but right now, amid the fog of war, filtering information is nearly impossible.Away from reports, fake images and news from Russia and Ukraine, the fog is also engulfing a lot of …
Read More »Brent, WTI Back To Pre-Invasion Levels
Both Brent and WTI crude oil benchmarks slipped back to pre-invasion levels on Friday afternoon, dashing the predictions of some that the oil markets would see apocalyptic pricing.As Russia moved into Ukraine on Thursday by land, air, and sea, crude oil prices shot up in an already volatile oil market. …
Read More »US Drilling Rig Count Rises 5 weeks In A Row
Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by two to 522 this week. That followed a climb of 4 oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …
Read More »Bitcoin’s Drop Reveal It’s Not Digital Gold
As geopolitical tensions rise, the cryptocurrency’s price has fallen. Bitcoin has experienced a choppy week amid Russia’s Ukraine invasion. Observers suggest the cryptocurrency might not be the safe haven backers believe it to be.Some digital-asset investors have previously described bitcoin as “digital gold”, referring to the idea that the cryptocurrency …
Read More »Stocks, Energy Markets Whipsaw After Russian Assault
Stocks in Europe were sharply lower, but the S&P 500 rebounded after an early decline. Energy markets swung wildly, and shares in Moscow collapsed. Oil prices and global stock markets swung wildly on Thursday after Russia launched an invasion of Ukraine, raising fears of a wider economic crisis that could …
Read More »EIA: US natural gas supplies retreat
The US Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 129 billion cubic feet for the week ended Feb. 18. Total supplies in storage stand at 1.782 trillion cubic feet. The change in stocks compared with the average weekly decline of 128 billion cubic feet forecast …
Read More »Oil Stabilizes, Expectations That The U.S Will Not Target Russian Oil Exports
Oil prices stabilized on Wednesday, below their highest levels since 2014, as US officials indicated that an escalation between Russia and Ukraine is unlikely to lead to sanctions on energy supplies from Russia, one of the world’s largest oil producers. Brent crude remained unchanged, reaching $96.84 a barrel, after hitting …
Read More »Oil Falls as Supply Concerns Dissipate Due to Russia Sanctions
Oil prices fell on Wednesday from seven-year highs hit the previous day as it became clear that the first wave of US and European sanctions against Russia was unlikely to disrupt oil supplies. Brent crude fell 59 cents, or 0.6 percent, to $96.25 a barrel after hitting $99.50 on Tuesday, …
Read More »Oil Near Its Highest Level Since 2014
Oil prices jumped close to $100 a barrel on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, but the market pared gains to close to its highest level since 2014 following efforts by Western countries to halt what they fear may be the start of a …
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